New York Life Investment Management LLC Trims Holdings in Telos Co. (NASDAQ:TLS)

New York Life Investment Management LLC reduced its position in shares of Telos Co. (NASDAQ:TLS) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 137,033 shares of the company’s stock after selling 3,695 shares during the quarter. New York Life Investment Management LLC’s holdings in Telos were worth $500,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its holdings in Telos by 0.3% in the 3rd quarter. Barclays PLC now owns 9,316,706 shares of the company’s stock valued at $22,268,000 after purchasing an additional 28,120 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Telos by 43.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,697,766 shares of the company’s stock valued at $9,847,000 after buying an additional 816,567 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Telos by 153.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company’s stock valued at $9,270,000 after buying an additional 1,537,848 shares during the period. Acadian Asset Management LLC lifted its position in Telos by 35.1% during the 3rd quarter. Acadian Asset Management LLC now owns 1,887,405 shares of the company’s stock worth $4,510,000 after acquiring an additional 490,269 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Telos by 69.5% in the 3rd quarter. GSA Capital Partners LLP now owns 614,962 shares of the company’s stock worth $1,470,000 after acquiring an additional 252,189 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. DA Davidson lifted their target price on Telos from $3.25 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, March 18th. BMO Capital Markets increased their target price on Telos from $3.50 to $4.50 and gave the company a “market perform” rating in a research note on Monday, March 18th. Finally, B. Riley lifted their price target on shares of Telos from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Monday, March 18th.

Telos Trading Down 0.3 %

NASDAQ TLS opened at $3.38 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.54 and a current ratio of 3.57. The company has a 50-day simple moving average of $3.74 and a 200-day simple moving average of $3.79. Telos Co. has a one year low of $1.84 and a one year high of $5.00. The firm has a market capitalization of $247.79 million, a PE ratio of -6.76 and a beta of 0.90.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). Telos had a negative return on equity of 24.23% and a negative net margin of 23.68%. The business had revenue of $41.06 million for the quarter, compared to the consensus estimate of $31.97 million. During the same quarter last year, the business posted ($0.18) EPS. On average, equities analysts forecast that Telos Co. will post -0.73 earnings per share for the current year.

Telos Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.